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GMX Price

(GMX)

AUD(A$)

A$9.03
0.00%(5m)

1m5m15m1h8h1d1W
GMX (GMX) Live Price Chart

    GMX Live Price Data

    GMX is currently trading at A$9.03, with a 24-hour trading volume of A$ 1,357. Over the past 24 hours, the price of GMX changed by -1.23%, and over the past week, its value in AUD rose by +3.73%. The circulating supply of GMX is 10,451,791 GMX, with a market cap of 67.1M AUD, down -1.23% in the last 24 hours. GMX is ranked #273 by market cap.

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    Note: This data is for reference only.
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    GMX(GMX) Profile

    altRank273
    rateBBB
    Expand
    A$9.00
    A$9.14
    ATH
    A$128.48
    Price Change (1h)
    0.00%
    Price Change (24h)
    -1.23%
    Price Change (7d)
    +3.73%
    Market Cap
    24h Volume
    Circulating Supply
    10,451,791
    Max Supply
    13,250,000

    About GMX

    • What is GMX (GMX) Crypto?

      GMX is a decentralized exchange that supports spot and perpetual trading for top cryptocurrencies with low swap fees, minimal spread, up to 50x leverage, and zero price impact trading. As of December 2022, the DEX is live on Ethereum’s Layer-2 network Arbitrum and the Avalanche blockchain.

      The GMX decentralized spot and perpetual exchange make it possible for crypto traders to trade their digital assets directly from their wallets in a non-custodial interface. In late November 2022, the app shot to fame after its earnings from trading fees exceeded that of Uniswap, one of the largest and most established DEXs in the crypto market.

      GMX is the utility and governance token of the GMX platform, offering token holders several benefits. Holders can stake their $GMX tokens on the DEX to receive 30% of trading fees collected by the platform, enjoying a stream of passive income conveniently.

      There is also considerable interest in the GMX token among investors who believe in the potential of the Arbitrum network. Without the scaling solution’s native token, investors are buying the GMX crypto as an alternative means to express their support in Arbitrum, supporting higher interest in this cryptocurrency.

    • How Does GMX Work?

      The GMX decentralized exchange can be accessed by connecting your crypto wallet to its app without creating a separate trading account. It leverages Chainlink oracles to offer dynamic pricing on its platform, accessing aggregate pricing feed data from leading crypto exchanges to provide accurate and reliable pricing data on the digital assets listed on it.

      The high-quality price feeds provided by Chainlink reduce the risk of liquidating traders’ assets on GMX. This feature ensures that open positions are not affected by unprecedented and temporary volatility in market conditions in the highly volatile crypto market.

      The minimal spread on offer and zero price impact trades on GMX make it a highly affordable way to trade cryptocurrency. In addition, the GMX app supports a simple swap interface with low swap fees. This makes it convenient for its users to swap supported tokens.

      In addition to the utility and governance token GMX, the GMX decentralized exchange has a second native token - GLP. GLP is the liquidity provider token and accrues 70% of trading fees generated on GMX DEX.

    • Who is the Founder of GMX Decentralized Exchange (DEX)?

      According to online reports, the founding team behind the GMX decentralized exchange is entirely anonymous. However, the founders behind the project have also launched two other DeFi protocols successfully in the past - XVIX, and Gambit. The lead developer behind the GMX DEX operates under the pseudonym X.

      GMX launched almost immediately following the launch of the Arbitrum Layer-2 network on 31 August 2021. The team supported the minting and redeeming of LP tokens GLP starting from 1 September 2021, followed by GMX transfers and trading from 6 September 2021.

      Within the first few days of launch, the platform enjoyed a trading volume of around $150 million and generated close to $300,000 in trading fees. About $900,000 was added to the floor price fund within the first couple of weeks of launch.

      Within three months of launching on Arbitrum, the GMX exchange saw its volume traded cross $6.5 billion, and its liquidity soared to over $100 million. In January 2022, GMX went live on the Avalanche blockchain, supporting swaps and leverage trading on the Ethereum killer network.

      In April 2022, the team of developers behind GMX proposed the creation of an automated market maker, X4. In addition to X4, the team plans to expand GMX to operate on new blockchain ecosystems beyond Arbitrum and Avalanche.

    FAQ

    How much is 1 GMX (GMX) worth?
    KuCoin provides real-time AUD price updates for GMX (GMX). GMX price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time GMX to AUD exchange rates.
    Is GMX (GMX) a Good Investment?

    As the governance and utility token of a popular DEX, the GMX token could be an interesting addition to your crypto portfolio. With the increased interest in decentralized finance (DeFi), the GMX exchange could attract more traders, making its token more valuable and supporting an uptrend in the GMX token price.

    The GMX price could make gains not only when the number of users trading on its platform increases but also as it lists more crypto assets. In addition, as GMX goes live on more blockchain networks in the future, it could support more assets for trading and swapping, attracting more users and driving up on-chain activity, which could boost the GMX price statistics.

    The price of GMX could also strengthen as the market sentiment towards cryptocurrencies improves in the future. A bullish market sentiment increases trading activity across the spot and perpetual markets. It could drive up GMX DEX’s trading volumes and revenues, increasing the value of GMX crypto in the market.

    What is the GMX Crypto Price Prediction?

    Although it is impossible to offer an accurate GMX price prediction over any duration, based on an analysis of its price history, the following factors could influence price changes in the GMX token:

    Level of Adoption of GMX Exchange

    A higher number of traders using the GMX platform to perform token swaps or trading could support the GMX to USD price in the market. However, if the platform faces stiff competition from other DEXs that offer more competitive fees and exciting features, a dip in trading activity could weaken the price of GMX crypto in the market.

    Services and Offerings

    When GMX lists new tokens supported on its platform for swaps and trading or adds new features, it could encourage higher activity that could send the price of GMX token higher in the market. In addition, the market cap and value of GMX crypto could pick up in the future as developers expand the DEX to operate on more blockchains beyond Arbitrum and Avalanche.

    Market Sentiment

    As a decentralized exchange’s utility token, the price of GMX token depends heavily on the crypto market sentiment. A bullish mood among investors could encourage more trading and swapping activity, earning the DEX and GMX token holders more revenue and supporting the price of GMX. On the other hand, when investors stay away from the market due to a risk-off mood, the trading activity, and volumes on GMX dip, causing weakness in the GMX token price.

    What is GMX Token Used For?

    The following are the most popular use cases for the $GMX cryptocurrency:

    Utility Token to Earn Rewards

    You can stake GMX to receive 30% of fees generated from the swaps and leverage trading activity on the GMX DEX.

    Governance Token

    $GMX holders can also enjoy voting rights and participate in critical decisions about future upgrades to the exchange. They can submit and vote on other users’ proposals that can influence the development of the DEX.

    Crypto Asset to Trade and HODL

    You can trade GMX crypto against other digital assets in the crypto market to profit from changes in market conditions. Buy or sell GMX against other crypto assets, or hold it long-term if you believe in the future potential of the GMX decentralized exchange. Review the live GMX price today, GMX live market cap, circulating supply, and 24-hour trading volume, and analyze the GMX price chart before trading GMX in the market.

    What Can You Do on GMX DEX?

    The GMX exchange can be used for the following:

    Token Swaps

    Swap multiple crypto assets supported by the GMX platform with zero price impact. GMX is live on Aribtrum and Avalanche networks and supports low swap fees on leading cryptocurrencies, including WETH, BTC, LINK, UNI, USDC, USDT, DAI, and FRAX.

    Perpetual Trading

    You can go long or short on leading cryptocurrency trading pairs on GMX with up to 50x leverage. You can set your preferred market, limit, take profit, and stop loss orders. GMX charges a low fee of 0.1% for opening and closing positions.

    Provide Liquidity

    You can provide liquidity to the GMX platform using the GLP token. The LP token of the GMX exchange accrues 70% of the trading fees generated by GMX and earns liquidity providers' fees. It can be minted or burned to redeem any index component asset from the platform's unique multi-asset pool.

    Staking

    You can stake GMX or GLP on the GMX DEX to earn attractive rewards. In addition to earning ETH or AVAX as rewards for staking GMX, you can also earn escrowed GMX (esGMX) that can be vested to become actual GMX tokens in one year. You can also earn Multiplier Points for staking on the GMX platform, a reward for long-term holders without inflation.

    How to Stake GMX

    Here’s how to stake GMX on the app:

    1. Launch the GMX decentralized exchange app and connect your wallet to the app’s interface.

    2. Ensure you have sufficient GMX tokens for staking before proceeding further. You can fund your wallet with GMX tokens by purchasing them on KuCoin or other supported platforms and withdrawing them into your wallet.

    3. Head to the Earn tab on the GMX exchange app and visit the section on GMX.

    4. Click on Stake and enter the number of GMX coins you wish to stake. Confirm the staking transaction.

    5. Sit back, earn rewards on staking GMX on the exchange, and grow your crypto holdings conveniently.

    What is the all-time high price of GMX (GMX)?

    The all-time high price of GMX (GMX) is A$128.48. The current price of GMX is down 92.97% from its all-time high.

    What is the all-time low price of GMX (GMX)?

    The all-time low price of GMX (GMX) is A$6.89. The current price of GMX is up 30.98% from its all-time low.

    How much GMX (GMX) is there in circulation?

    As of 8 9, 2026, there is currently 10,451,791 GMX in circulation. GMX has a maximum supply of 13,250,000.

    How do I store GMX (GMX)?

    You can securely store your GMX in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your GMX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.